Abstract
The Lebanese financial condition is miserable. The national debt to GDP is increasing to horrible levels, and the deficits in government is increasing and expected to increase in the subsequent years, the government spending is increasing without any deterrent in the time the revenues to the government are decreasing, the inflation rates are increasing and the economic growth is decreasing. The fallouts of these conditions have direct effect on Lebanese pound and threaten its value. With all the assures from Lebanese central bank governor and the financial officers, a prudent man can sense the risk that is coming on the Lebanese pound and never believe that the Lebanese pound will stay forever the mountain that never lean with wind. Lebanon must take rapid corrective actions to save the country and its currency from a disaster that would howl.Corrective actions of economic, financial, political, and direct reforms must be studied and activate it directly before the zero time comes and remorse will not benefit.
Highlights
Lebanon is one of the countries that are carrying a heavy national debt that is accelerating in fearful rates year after year
When the civil war finished in Lebanon in 1992 the national debt was 4,382 billion Lebanese pound most of it from the domestic market in the form of treasuries sold to the Lebanese commercial banks, after that time many regulations issued by consecutive governments to increase the ceiling of foreign debt giving them selves the legality to maximize the debt
The national debt continued increasing until now days with horrible levels where it estimated to reach by the end of 2014 the 70 milliard dollars or about 105,000 milliard Lebanese pounds! These numbers were enough to classify Lebanon today from the first 10th countries in the world with highest national debt
Summary
Lebanon is one of the countries that are carrying a heavy national debt that is accelerating in fearful rates year after year. When the civil war finished in Lebanon in 1992 the national debt was 4,382 billion Lebanese pound most of it from the domestic market in the form of treasuries sold to the Lebanese commercial banks, after that time many regulations issued by consecutive governments to increase the ceiling of foreign debt giving them selves the legality to maximize the debt. This encouraged governments to increase the debt without deterrent and the debt reached 21,926 milliard Lebanese pounds in 1997, this means that the debt increased five times in five years. We can never forget under all these pressures the domestic political uncertainty and the regional uncertainty that is negatively reflecting its effects on the domestic economy
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
